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Collaboration between the major banks to develop an electronic addressing system to speed up payments has come to an end following the decision of BPay's board late last week to abandon the three-ye.. read more

More competition is needed between payment schemes before the Reserve Bank of Australia is likely to relax eight-year-old controls on credit card interchange fees. read more

Profits of major banks are almost back to the levels experienced prior to the onset of the global financial crisis in September 2008, the latest overview of the industry published by the Australian.. read more

Suncorp Bank says it is earning a return on capital in its "core" banking business of in excess of 15 per cent, though losses from its non-core commercial banking business continue to limit overall.. read more

A subdued second-half profit for ATM operator Customers Limited may be a pointer to a further rise in fees, at least on independently-owned automatic teller machines, over the coming year. read more

Banks and building societies in Australia opened an additional 48 branches in the year to June 2011, while credit unions closed two branches, the annual Australian Prudential Regulation Authority ce.. read more

Wide Bay Australia will source a higher proportion of new business from mortgage brokers in a bid to step up lending after a year of moderate growth in receivables and little growth in profit. read more

The planned implementation of a unified register of lenders' security over property, the Personal Property Securities Register, looks likely to be pushed back from the present start date of October.. read more

National Australia Bank is transferring an Australian career banker to become chief operating officer of the Bank of New Zealand. read more

Westpac this week provided an update on the handsome margins it earns on most of its wholesale banking activities in New Zealand. read more